Bill Ackman’s IPO of Pershing Square closed-end fund is postponed, NYSE says
Billionaire investor Bill Ackman is postponing the highly scrutinized listing of Pershing Square’s U.S. closed-end fund, according to a notice…
Berkshire Hathaway dumps $2.3 billion of Bank of America shares in a 6-day sale
Berkshire Hathaway dumped more Bank of America shares this week, making it six straight trading days that Warren Buffett’s conglomerate…
Britain will soon lay out new plans to regulate ‘buy now, pay later’ firms like Klarna after delays
Britain’s new Labour government will soon set out updated plans to regulate the “buy now, pay later” industry, a government…
Warren Buffett’s Berkshire trims Bank of America stake for the first time since 2019 after strong rally
Berkshire Hathaway trimmed its gigantic Bank of America holding for the first time in 4½ years following the bank’s strong…
HSBC appoints Georges Elhedery as group CEO starting Sept. 2
HSBC announced on Wednesday that it has appointed Georges Elhedery as group CEO, starting Sept. 2. Elhedery, who is the…
Small caps are the hottest trade going in the stock market now and they surged another 3% Tuesday
Small-cap stocks are on a tear right now as they took the baton from megacap technology shares last week to…
Alec Baldwin ‘Rust’ manslaughter case dismissed by judge
A New Mexico judge on Friday dismissed the criminal involuntary manslaughter case against Alec Baldwin on the third day of…
JPMorgan’s Jamie Dimon warns inflation and interest rates may stay higher
JPMorgan Chase CEO Jamie Dimon on Friday issued another warning about inflation despite recent signs of easing in price pressures.…
Wells Fargo shares tumble after net interest income falls short of estimates
Wells Fargo on Friday reported a 9% decline in net interest income, even though its second-quarter earnings and revenue exceeded…
